The big coin has completely peaked, and even if there is a rebound, it is powerless. Recently, the big coin has directly slid from around 97900 to around 93500. This wave of decline has clearly opened the bear market era!
In terms of the four-hour structure, the market has also declined with a large bearish candle, directly crossing the next level and approaching around 93500. The rebound is just a fleeting moment, and the support below is clearly insufficient, making a downturn inevitable!
The moving averages are also showing a clear downward trend. The large bearish candle has directly brought the moving averages down, strongly reversing downward, directly crushing the moving averages. The peaks of the moving averages are continuously moving down, with 95500 transforming from support to resistance. Subsequently, it is advisable to boldly go short below this level!
Monday's big coin midday suggestion:
Short on the rebound at 94850-95350, aiming for the lower range of 93000-92500!
